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Employee Retirement Income Security Act |
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Employee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans.Similar MatchesIRA (individual Retirement Account)IRA (individual Retirement Account)Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S. Retirement reliefRetirement reliefA special relief for Capital Gains Tax purposes which applies when an individual aged 55 or over disposes of his business or an interest in a business. Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Debt retirementDebt retirementThe complete repayment of debt. See: Sinking fund. Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. Further SuggestionsEmployee Retirement Income Security Act (ERISA)Normal retirement normal retirement date Tax deferred retirement plans phased retirement Individual Retirement Account (IRA) individual retirement account retirement annuity contract (RAC) normal retirement age Retirement Protection Act of 1994 Retirement Bonds Enabling Annual Retirement Savings (BEARS) early retirement |
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